- AVLR rose above its 7-month and then its 6-month downtrend lines in the past 4 weeks. AVLR dropped over 60% in the 6 months from October to early May before heading higher. The zoom chart reveals that AVLR has established a pattern of higher low and higher highs=uptrend. The weekly chart shows that the recent low/inflection point matches up very well with support from 2019 and 2020. TPA’s intermediate-term target is +35%.
AVLR Avalara Inc 88.7000 Stop = 82.9345 Target = 115.3100
Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.
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